HK Hospitality is expected to close on its deal to purchase the shuttered Cable, Wis., facility in January, and plans to bring the property up to current standards, including removing the existing lodging and replacing it with 250 modern rooms. The company also plans to buy an adjacent 500 acres to add golf courses and…

HK Hospitality Management LLC is hoping to purchase and transform the Cable, Wis., facility into a 250-room resort with a 20,000-sq. ft. conference center. The company is also in talks about a potential purchase of or partnership with the Telemark and Spider Lake golf courses. HK Hospitality Management LLC hopes to pen a deal to…